Viant, others struggle as shake-up looms
It was a miserable week for Internet consulting companies, as many investors bailed. Analysts have become pessimistic, and the industry appears ripe for a massive consolidation.
latest developments |
It was a miserable week for Internet consulting companies, as many investors bailed. Analysts have become pessimistic, and the industry appears ripe for a massive consolidation. "There will be considerable uncertainty clouding the Internet professional services group for a while." Stephen McClellan, Merrill Lynch analyst |
| Net consultancies hit as investors jump ship Shares of Viant bottom out with a new 52-week low in midday trading, a day after the company announced it would see revenues decline in the third quarter.
Viant shares sink after hours on revenue warning Previous coverage
Web consulting firms taking focus off dot-coms |